ARTICLES LABELLED WITH TAG Budapest

19
May
2020

HB Reavis secures new tenant for Budapest project

by Property Forum
Facility management company B+N Referencia Zrt. will move into the Agora Budapest office complex, developed by HB Reavis, this autumn.
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19
May
2020

Market completes structure of new OTP building in Budapest

by Property Forum
The structure of OTP Bank's new office building in Budapest has been completed by developer Market Építő Zrt. The seven-story office building, which is being built in the 13th district, in the immediate vicinity of OTP Bank's existing office park, will be home to 3,000 employees once construction is complete in end-2021.
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08
May
2020

Eston closes sale of 6,000 sqm factory building in Hungary

by Property Forum
A well-known automotive company will soon start operating in a 6,000 sqm modern factory building located on a nearly 5-hectare industrial plot in the catchment area of ​​Budapest.
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07
May
2020

Hungarian developer Property Market names new directors

by Property Forum
As of May 1, 2020, Dr. Mihály Schrancz, former Development Director of Property Market Ingatlanfejlesztő Kft. has been appointed Managing Director of the company. The company's Financing and Investment Director, Dr. Bence Nádasdy, will hold the position of Managing Director at Property Market’s asset management company, Kopaszi Gát Kft.
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30
Apr
2020

House prices fall in Budapest for the first time since 2013

by Property Forum
While house prices in Budapest rose 14.1% year-on-year in the fourth quarter of 2019, they fell 2.0% in nominal terms on a quarterly basis, the National Bank of Hungary (MNB) reported. The central bank has not recorded a q-o-q drop in house prices since Q4 2013.
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20
Apr
2020

Renewals drive Budapest’s industrial market in Q1 2020

by Property Forum
Total demand on the Budapest industrial market amounted to 79,660 sqm in Q1 2020, indicating a 5% decrease from the figure noted in the same period last year. Lease renewals accounted for an outstandingly high ratio, reaching 85% of the quarterly volume. The Budapest Research Forum published its quarterly industrial market analysis
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16
Apr
2020

Erste sells land for warehouse development near Budapest

by Property Forum
Erste Real Estate, a subsidiary of Erste Bank Hungary, has signed an agreement to sell 57 hectares of a 170-hectare plot in Ecser, next to Budapest, to an international logistics company that intends to build a 100,000-square-meter high bay warehouse on the plot. VLK Cresa assisted the seller in this transaction.
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10
Apr
2020

Atenor completes Budapest building

by Property Forum
Belgian developer Atenor completed the construction of Aréna Business Campus Building “A” in Budapest. The project, launched in spring 2018, will comprise four Class A+ environmentally conscious office buildings on 72,000 sqm on the capital’s Hungária Boulevard. The authorization of the occupancy permit for Building “A” is currently under process with the handover of the 21,000 sqm building scheduled for June. In parallel, the construction of the second, Building ”B” is in full swing and will be completed in Q2 2021.
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26
Mar
2020

C&W brokers pre-lease for Atenor building in Budapest

by Property Forum
With the help of Cushman & Wakefield Budapest, a major software development company has rapidly signed a 7,500 sqm pre-lease at Atenor’s Váci Greens Building E. With this new transaction the office building is 40% pre-let 6 months prior to handover. This 40% comprises lease agreements with retail service providers as well, such as a restaurant, a bakery, a drogerie and customer service offices. Cushman & Wakefield’s PDS Team is providing interior design and project management services to the tenant.
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25
Mar
2020

IIB acquires historic building in Budapest

by Property Forum
International Investment Bank (IIB) and DOB-68 Zrt. in full accordance with the requirements of the Hungarian legislation signed the documentation on the acquisition of the historic Lánchíd Palota building in Budapest. The building will house IIB’s international headquarters.
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